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Search Results 0 to 49 of about 108 (some duplicates have been removed)
CNN
Jun 22, 2013 6:30am PDT
to prevent one today. put the economy in terms we noneconomists understand. it's like a car. >> to return to the driving analogy, if the incoming data supports the view the economy's able to sustain a reasonable cruising speed we will ease pressure on the accelerator by gradually reducing pace of purchases. >> not put on the brake but was ease off accelerator. the fed has been buying $85 billion a month in bonds. that money rushes into the economy, fueling a huge rally in stocks, huge rally until this week. it keeps interest rates low on your home and car loans. but investors are nervous that tapering, taking the foot off the gas, will end the big gains. just the fear of ben bernanke easing up on the gas pedal sent the dow down 500 points wednesday and thursday. regardless if you own any stocks, your money is on the line. terry sav itch, author of the savage truth on money, chief investment strategist, welcome to the program. you say all of the worrying about when stocks will pull back is a good thing. explain. >> well, i'm not saying that it's a good thing for your psyche to be worried a
CNBC
Jun 21, 2013 7:00pm EDT
point. the economy is soft, inflation virtually non-existent and i'm just going to add why risk deflation when we barely have a recovery at all? one major consequence of the bernanke policy of ending bond purchases is the big jump in interest rates and that, in turn, changes stock market valuations and that is one big reason for the large correction in stocks this week. no one can foretell the future. least of all, me. but let me just ask a couple of questions here. have treasury rates completely discounted an end to qe, okay? i don't think they have. here's my fear. i'm just going to say this. if you play this out, the ten-year treasury ought to be the same as the growth of total spending or nominal gdp in the economy and that's 3.5%, maybe 4%. we're at 2.5% on the treasury. in other words, in the last year we'll be looking at rates going to 4% in treasurys and i don't think that's in the market yet. now, also, will both stocks and bonds play cat and mouse with the fed? every day, every week, every month for the next couple of months. that's going to be a tough one. since i don
CNBC
Jun 19, 2013 7:00pm EDT
not be until december or early next year. third point, the u.s. economy's still only growing sluggishly, only 2% growth. just about 1% inflation. modest profits. falling gold. and a steady king dollar. interest rates in my view are not going to skyrocket. there's more money to be made in stocks. the second half is going to be a slower slog than the first half. okay? that's my take on the story. here now we bring in former federal reserve governor frederick mishkin, currently an economics professor at columbia university. welcome back, rick. i just want to ask you, this is a very complicated news conference and a lot of people are saying many different things. first of all, let me ask you if i have the story right. i heard the news conference. the fed will slow down bond purchases toward the end of the year. is that what bernanke said? >> i think what they're trying to do, they've been very concerned, i'm sure, about all the volatility in the markets. and they want to make sure that people understand that in fact they are going to get out of this purchase program, which raises a lot of complicat
CNBC
Jun 20, 2013 7:00pm EDT
base metals, indication of a slower global economy. commodity stocks, of course, they get hit when the dollar rises, 3%, 4% declines. they've been down 15% in the last six weeks here. let's move on here. there was no place to hide. it didn't matter. consumer staple stocks down 3%. utilities were down 3%. consumer discretionary defense care is not defensive. there wasn't any place to hide. i just want to note, larry, the s&p 500 down 5% from its historic high just about a month ago, but it's still up almost 12% on the year. bear that in mind, i want to know we're already getting deals cancelled and we had one secondary canceled tonight and brookfield renewable energy and they own wind mills and natural gas-fired power plants and they canceled late tonight due to what they call market conditions and the slide to the downside. larry, right now the futures are pretty much unchanged and we'll have it open tomorrow with a lot of trading and it will be the options exploration. after that, a lot of people here are hoping for a relatively smooth day, but nobody knows for sure. back to you.
MSNBC
Jun 21, 2013 9:00am PDT
poverty for the lowest income people. and actually, served as a good stimulus for the economy at the same time. >> i mean, and the meme around food stamps has been incredibly divisive. and really false. and i must play the sound from louie gohmert who is really a one-man band in terms of sound bites and outrageous commentary. let us hear what louie gohmert had to say on the floor of the house yesterday. >> standing in line at a grocery store behind people with a food stamp card, and they look in their basket, as one individual said, "i love crab legs," you know the big king crab legs. i love those and then sees the food stamp card pulled out and provided. he is actually helping pay for the king crab legs. when he can't pay for them for himself. >> so everyone on food stamps is apparently buying king crab legs, eugene. >> yeah. >> they're living off the largess of our government. >> king crabs are going to have to be added to the endangered species list, i guess, according to louie gohmert. you know, it's wrong, number one. it's -- it's insulting. it's demeaning. and it's probably the way
MSNBC
Jun 21, 2013 3:00am PDT
-- pumping billions and billions of dollars into the economy. is it possible that we have gone from a tech bubble to a housing bubble to a fed bubble? >> it's absolutely a risk. the real question is is this easing? all this billions and billions of dollars, trillions of dollars really of dollars the federal reserve has printed and pumped into the economy. have they created a real enduring economic expansion? can housing exist? can housing keep recovering even without ultra-cheap money? can the housing market keep rising without ultra-cheap money? can housing growth continue? that's the bet that ben bernanke has been making the past couple of years. the question is is the debt going to pay off, or will we be right back in this mess we were five years ago? >> isn't the case when former chairman allen greenspan greens retired, he was pummeled because of the housing bubble. isn't it the case, since greenspan left, we've become more liberal with our monetary supply as far as pumping more money into the monetary supply. money has been basically free for investors and businesses for the past seve
CBS
Jun 17, 2013 4:30am EDT
at discussing world trade and what to do about the ailing economy, the two-year war in syria is expected to dominate. susan mcginnis is in washington. susan, good morning. >> good morning, anne-marie. security is tight at the lakeside golf resort where this summit is being held. along with syria, another topic that might come up is some top-level eavesdropping among foreign diplomats. president obama is in northern ireland to meet with world leaders at the g-8 summit. syria is not normally on the docket but is expected to dominate the talks following president obama's move to ship weapons to rebels fighters. >> there are very big differences between the analysis of what happened in syria and who is to blame. >> russia is noun to have given weapons. president vladimir putin says the rebels in syria are terrorists and barbarians who have even practiced cannibalism. >> are these the ones you want to support? are these the ones you want to supply with weapons? >> president obama and pr putin are expected to hold private conversation this afternoon. the conversation comes after a new report r
MSNBC
Jun 19, 2013 3:00am PDT
economies in terms of -- because they need europe to be able to take their stuff. watch for china -- i don't know who's really running that country, but i can tell you this, their deceleration in economics is just incredible. it's not bringing us down. >> china may go down below 7%, 6% growth this err year. we are right now the tallest building in elmira, new york. >> it's the shung kamao bank. >> how do you know about elmira, new york? >> i come to play. >> you do come to play. we may be the tallest building in elmira, new york, but people keep buying the dollar. what are you going to do? go to europe? go to china? they're all train wrecks wait to go happen. >> you can't feed china. that's a big issue. 700,000 recespiratory deaths la year. let's go to john meacham. speaking of smoking, he smokes way too much. john, you look at europe, the g-8, they were all lecturing president obama three years ago. sarkozy, where is he now? who knows? he's probably staying at your place in the south of france. >> oh, no, unh-unh. >> but united states is in this strange position of just sort of crawling a
CNBC
Jun 17, 2013 7:00pm EDT
, but they are not focusing on the right thing which is growth, growth, growth. the european economy is in a six-quarter double dip recession. the u.s. is sub par. japan is trying to reignite, and i'm especially critical of european monetary policy which is way too tight. and speaking of monetary policy, our markets are more obsessed with it than ever. strong stock buys this afternoon, based on just one reporter from "the financial times" and his ill-advised, uninformed conjecture about what the fed would do, and then when that same reporter tweeted everybody that he really had no idea what he was talking about, well, stocks regained most of their losses. crazy story. an nsa leaker edward snowden points his finger straight at the big tech companies. they said they should resist the government's demand for user information. wrong. they should abide by all our laws, especially national security laws. all those stories and much more coming up on "the kudlow report" beginning right now. >>> let's start right away with cnbc's michelle caruso-cabrera. she is covering the g-8 summit. michelle, good eve
MSNBC
Jun 20, 2013 5:00pm PDT
economy, then you're going to be shocked by the report "rolling stone" has for us tonight. that's coming up. also a shocking turn of events on the house floor as the house speaker brings crucial legislation to the floor and watches it go down in flames. i'll tell you why what's bad for john boehner is good for the country. >>> plus bailouts of struggling casinos? it is also something that is totally happening. we begin tonight with a truly rare bit of genuine progress from congress. excellent news that nonetheless has me seething with anger. here's what's happening that's great news and infuriating. making sure 11 million immigrants are given a road to citizenship is trying to pass a bill by a huge margin in the senate. they are called the gang of eight and the reason they think they need the huge margin victory is to put pressure on house speaker john boehner to bring the legislation to the house floor even though it it will almost certainly not have the support of a majority of house republicans. so that's the game plan. the goal is get 70 votes in the senate, a goal that has seemed, w
MSNBC
Jun 20, 2013 10:00am PDT
of a timetable on it, saying if the forecast for the economy goes as planned, we'll start reducing the amount of -- combination for the economy by the end of this year and we'll end it next year. he tried to go to great, great lengths to say, you know what, that doesn't mean we're tightening on the economy, just we're not stimulating the economy as much as we do before. >> we've seen the market drop even lower today. there is some thought that that might actually have to do with what's happening in china as well. can you talk a little bit about that? >> i think that's a piece of it. we got negative data out of china that was a bit of a surprise. there's concern about the chinese central bank there, the people's bank of china clamping down on bank lending there so maybe you'd have what you call a hard landing where things would stop a little more abruptly than had been anticipated. the data out of the u.s. was a mix. we're kind of feeling our way along here. i think the real concern for the markets right now is does the fed make a mistake here? does it end up withdrawing the stimulus from the
CBS
Jun 19, 2013 5:00am PDT
while ago about the two countries' needs to work closely together for the sake of the world economy. >> overall, germany is our largest trading partner in the eu so we have a profound stake in each other's success. we agree that there's more work to do. not only do we have to grow, but we also have to reform our economies structurally. >> the president also took time to defend u.s. surveillance programs saying they have averted at least 50 threats and saved lives in the process. mr. obama's berlin visit comes almost 50 years to the day it was june 26th, 1963, when president kennedy delivered his anticommunism speech with the well known phrase, "ich bin ein berliner." >>> house republicans want to make it a federal crime to be in the u.s. illegally. a republican-based house economic voted yesterday to pass a bill boosting criminal penalties against anyone who is not a citizen. republicans say the bill is necessary to uphold enforcement of the law. democrats say it's too dangerous and are especially disappointed as the senate plans to work on an immigration bill to provide citizenship
MSNBC
Jun 21, 2013 12:00pm PDT
the fed has been doing and what is also unknown is whether the economy is going to get strong enough so the real economy, real growth, and profits at companies are going to be strong enough to sort of displace the fed stimulus as it pulls away. the fed has made an important point. if things go south and things turn out to be a lot worse than we think, we don't have do change anything. we can ease up -- >> print more money. >> we can do whatever we want. but that's not the way markets have interpreted this. traders have just ignored all the ifs and buts that bernanke said. they've assumed the fed is going to start taking away the medicine. that remains to be seen. >> well, rick, that's the question, right? you talk about this being moved a lot by day traders or etfs. >> and hedge funds. >> is this a judgment that we are running out of value in the underlying markets and the stocks, or is it just a prediction about the future? >> well, it's mostly psychology. i'll tell you that. it is people trying to guess where -- how dependent the stock market is on the fed. it is not anything that's a
KICU
Jun 19, 2013 7:00pm PDT
say it would make $85 billion in bond purchase. >> the u.s. economy begins to heal. >> the economy is able to sustain a reasonable cruising speed. >> we will ease the pressure on the accelerator. >> the bond porches punchesth stoprchases by 2015. >> the feds will pull back its stimulus program, and leading investors to sell. >>> hundreds of electric cars were recalled, model s sedans manufactured between may 10th and june 8th this year. >> a bracket on a seat was not installed correctly. >> tes la will pick up the cars and provide a rental if necessary. >> in eight minutes, two bay area structures that did not score well. >>> new developments in the case of a man and woman accused of running a brothel. >> one suspect went before the judge today. authorities are still looking for the man's wife. >> accused of forcing women to work as prostitutes. >> some of his friends and relatives came to the hearing, but didn't want to talk. >> in court, a judge ordered lu not to leave california if he posts his $200,000 bond, which prosecutor ones tell me seems likely. >> i think we always have
FOX
Jun 21, 2013 7:00am PDT
national security but invests in the economy. it's more about who we are. i'm very hopeful. >> senators get back to work on capitol hill behind me in this 15 minutes. we expect to hear from senator reid. back to you. >> joe biden is one in the immigration leading the charge for this. >> it's time to provide a fair, reformed unfettered pass to citizenship for $11 million undocumented immigrants. >> he spoke at a awards banquet in las vegas and says this is part of the future of america. >>> and san francisco state senator leland yee will hold a news conference in support of immigration reform. he will unveil a measure that pardons 11 million immigrants and branses them similar immigration rights as same-sex couples. >>> a new volunteer center has been launched for sierra lamar. they've moved to central high school. it used to be at burnett elementary. sierra's father, steve, made the move will allow volunteers to rico -- refocus on finding her. now, antolin garcia-torres has been charged with her murder. >>> a shooting happened about 10:00 at 6th and natoma. the victim was shot twice but is
FOX News
Jun 17, 2013 9:00pm PDT
you would like to see it used on programs that would help the economy and create a job? number three, lavish overseas travels come as government agencies are facing mandatory fiscal cuts. we can't open the white house to school kids because we can't afford it. we have joe trippe and jenny beth martin. time of honesty if we can't open the white house for school kids to go and see their house, do we really need to spend that kin of money, $6 0 million to $100 million on african, $3,300 a night, 30-person entourage to dublin. >> i doan know if any of those numbers are right? >> oh, they are right. >> are you doubting me? >> well, sean, i'm doubting whoever came up with these numbers. some people came up that his trip to india would cost $200 million and use 10% of the u.s. navy. notes numbers weren't right. >> "the washington post," a liberal newspaper, said $60 million to $100 million. >> sean, i'm not arguing with you. africa has large economic growth, a lot of room for american businesses to move in. creating jobs here and that's part of what the president intend to do while he's the
FOX News
Jun 21, 2013 2:00am PDT
they may buy back bonds later this year because the economy in their view could be improving. this has all kinds of implications especially for interest rates. they kept artificially low fuelling the rebound of real estate prices for instance they helped fuel the slow recovery. >> i think the market is saying the fed believes this economy to be stronger than we do. but we don't believe you that if you take away the stimulus this economy won't be able to stand on its own two feet. until we see otherwise we are going to be concerned that this low trajectory economy can be at risk of dangerous down draft. >> we knew it would impact sometime that the fed would have to dial back on the bond buying spree 85 billion a month taking the foot off the it was pedal. the food news these can lead to buying opportunities. may be something of a rebound today. dow futures are up. >> doug luzader live in washington, thank you. >> it is the first day of summer and we are kicking it off with extreme weather. >> maria molina is in our weather center tracking heavy rains in parts of the country. hi maria. >> go
CBS
Jun 17, 2013 4:30am PDT
of eight summit is supposed to center around europe's ailing economy. but as cbs reporter susan mcginnis reports another topic is expected to draw attention. >> reporter: president obama left air force one holding daughter sasha's hand. for the next two days, he will meet with world leaders here in northern ireland which he sees as an appropriate place to talk peace. >> beyond these shores right now in scattered corners of the world there are people living in the grip of conflict. you're their blue print to follow. we're the proof of what's to follow. >> reporter: russian president vladimir putin says president obama's plan to arm rebel fighters who he calls barbarians will hurt the chances for peace in syria. >> are these the people you want to support? are they the ones you want to supply with weapons? >> reporter: president obama and president putin are scheduled to hold private talks this afternoon. the conversation comes after a new report reveals the u.s. and the uk spied on russia and others at another summit. the british newspaper the guardian says former nsa contractor edw
CNN
Jun 21, 2013 2:00am PDT
into the economy each month. >> gradually reducing the pace of purchases. >> reporter: the second, overnight thursday bad news from china. manufacturing production fell. the economy isn't growing as fast as it had been. the pros say this was bound to happen after months of gains and record highs. in fact, the fed pulling back is a sign the economy is getting better. >> there's no fear or panic going on. we know it's going to be a nice, slow, orderly process to see if our economy can stand on its own again. >> stocks were only part of the bad news. a metal meltdown. gold, the filter is dropping like a rock, losing a quarter of the value this year. don't be afraid to peek at your 401(k). after yesterday's dramatic drop, the dow was up 12.5% this year. >> everything was moving yesterday. interest rates on treasury bonds hit a two-year high. higher mortgage rates, higher car payments could be around the corner. don't despair. stock futures in the u.s. are up a little bit so far. we'll keep monitoring it. >> you used a swear word before we went on air. >> i did. i said darn, that was a horrible d
MSNBC
Jun 19, 2013 8:00am PDT
reform. it debunks the idea that immigration reform is anything other than a boon to our economy and robs the bill's opponents of one of their last remaining arguments. >>> all right, let's dig down on this and joining me now for more is mark murray. mark, it's good to have you here. we know from the lead figure on the immigration gang of eight has been senator marco rubio, however he's been saying recently the bill needs stronger border security measures. other republicans like senator john cornyn of texas want things like a 100% situational awareness, 90% apprehension on the border. as we look at what senator rubio's motives are now, is he undermining the hard work of the immigration eight by entertaining these amendments or is this just politics as usual? >> thomas, i think it's actually more trying from marco rubio's perspective to strengthen the bill to get more republican support. the gang of eight is still together. i mean, there are sometimes it's been reported there's been a little of annoyance about some of the requests that senator marco rubio has made to have more security but
CNN
Jun 21, 2013 3:00am PDT
of money they're pumping into the economy each month. >> we will ease the pressure on the accelerator by gradually reducing the pace of purchases. >> reporter: the second, overnight thursday, bad news from china. manufacturing production fell for the first time in eight months. a sign that one of the world's most powerful economies isn't growing as fast as it had been. the pros on wall street say this was bound to happen after months of gains and record highs. and in fact, the fed pulling back might be a good sign that the economy's getting better. >> there is no fear. there is no panic that's going on. but i think we do know that it's going to be a nice slow, orderly process to see if our economy can stand on its own again. >> reporter: that doesn't make yesterday any prettier, and stocks were only part of it. a metal meltdown. 2 1/2-year lows for gold and silver. gold, the shelter from the storm in the recession, is dropping like a rock, losing a quarter of its value to far this year. don't be too afraid to peek at your 401(k). even after yesterday's dramatic drop, the dow was up mo
FOX News
Jun 14, 2013 7:00pm PDT
of the economy, say the same thing. even better answer, as we discussed, not appropriate to answer that question in open session. why clapper didn't do that, why the 5,000 employees of the director of national intelligence didn't explain that to him. why he didn't go to the white house, why he made up a religious answer and said it of the least untruthful, i don't have the slightest idea. i think he should resign over embarrassment. not because he lied. >> snowden, as far as long as he had worked for cia as a contractor, why did he have so much access? >> like bradley manning, the enlisted man in the army who revealed hundreds of thousands of diplomatic communications, we have a real problem that has to be explain. i had say this about snow deb. i don't think his story holds together. i don't know if he has accomplices. picking up information from people on the hill who are leaking it to him. i fin it hard to believe he had access to everything he said he had access too. i also find it hard to believe that he's getting away with some of the truly outrageous and inaccurate things he said. and tha
FOX News
Jun 19, 2013 4:00pm PDT
scaling back later in the year. if the economy continues to improve. peter barnes with the news live in washington. that's a stupid reaction, peter. >> well, shep, the feds said that it could be getting ready to scale back the easy money policies that wall street really likes. it's been using them for the last five years to help keep the economic recovery going after the great recession. and for starters, it said it could slow its controversial 2.5 trillion-dollar bond buying program known as quantitative easing. basically printing new money. qe has helped keep interest rates low foruto loans business ratings. the feds said it could start buying fewer bonds if the economy gets better and that unemployment rate keeps falling and then maybe it could stop qe all together next year if the rate gets close to 7%. >> the 7, 6.5, these are guide posts that tell you how we are going to be shifting the mix of our tools as we try to land is ship on a, you know, on a smooth -- in a smooth way into the -- unto the aircraft carrier. >> so just the idea that easy money could be ending soon, spooked
FOX News
Jun 22, 2013 4:00pm PDT
and stay here legally and bringing relief to the struggling economy. >> this will help the middle-class grow our economy and shrink our deficits and making sure every one pays taxes like everyone else. >> senators introducing a proposal to bolster security. border surge includes 700 miles of fencing with the addition of tens of thousands border agents and enforces a nationwide e- verify system and needs to be in place before illegal immigrants can apply for green cards. there is no indication whether it will fly before the july 4th recess. >> the current bill is a mess. it is repeating the same failed pattern we saw in 1986. >> instead of throw million we are dealing with len million. and congress is saying the same deal, legalization first and then promising maybe some day in the future the border will be secowered. >> senate leaders have a test on monday. and bring it close to cent votes, that's the target number they say will pressure the republican house to act as well. harris, back to you. >> elizabeth, thank you. >> we are on sarah watch. the family of a little girl who had
MSNBC
Jun 20, 2013 7:00am PDT
think that leadership of the house recognizes that immigration reform would be good for the economy and good for their branding as it relates to the latino community and if they want to have a chance to get the white house next year as senator lindsey graham talked about, i think that they understand that the leadership level that this is a real goal that they want but i think they are going to have trouble work with their base in the caucus but i'm convinced that the momentum that could be gained by a strong vote in the senate would be with the ground swell of public support. it's very clear in poll after poll that the american people want this issue solved. they want a resolution on this. this is a win-win for the country and i think people see on the economic benefits as well, what you're hearing in those extreme voice by house members is just not consistent with the broad feelings of the american people have said they want in terms of this issue. >> thanks so much. >>> thank you. >> alex, susan, we've seen this, the republicans who have been on the forefront of this, some taking
CBS
Jun 17, 2013 4:00pm EDT
it could have a greater impact on the worldwide economy than all other current trade agreements combined. >>> great news for ravens fans. for the second year the team is holding three free individual practices. the first practice is august 4th at the naval academy. then at m&t august 11th. both of these practices are open to the public. the ravens will also hold an open practice at stevens university on august 18th. because of limited seating fans must enter a lottery to get tickets. this does not mean you can try out for the team. that's different. got to get your agent to contact them. >> it's nice they're having these open practices. nothing can be as great as the college dome. that was such an amazing experience. >> i'm glad i had a chance to go out there. >> a lot of fans. they were like a couple yards away from you. >> it was incredible. >> this will do. >>> still ahead on eyewitness news at 4:00, you messed with the wrong woman. how a mother protects her children from an armed man hiding inside her car. >> the stand off over julian as asam. the latest on the wikileaks leak. >> a
FOX News
Jun 20, 2013 3:00am PDT
is because ben bernanke said we might taper back from this printing. >> we might end it if the economy gets better. i don't believe they're really going to do this. >> steve: you don't? >> no. i don't think ben bernanke will be replaced by janet yellen who is into printing money. i think they will not allow the obama economy to rest on its own. they will keep printing money to keep this feeble economy. if you stop printing money, then all the impact of obamacare, higher taxes, all the regulations that this president has imposed, those chickens come home to roost and forget about the 3% growth. we'll have 1% growth if we're lucky. >> steve: we probably have 3% growth because of this printing of the money. >> right. >> steve: i know you don't think it will happen any time soon. but if it did happen next month what, would happen? >> if he stopped printing money next month, the market would go down to 12,000. i've been on tho thank show and i said if he keeps printing money, there is no stopping it. >> steve: you say 20,000? >> if he keeps printing, dow 20,000 in the next couple years is feasib
CBS
Jun 21, 2013 6:00am PDT
later this year if the economy continues to improve. >> a choppy volatile summer. i would expect us to end the summer below or where we are now. >> many investors say the sell- off, what they always say, an opportunity to buy discounted shares. >>> in less than an hour thousands will kick off the susan g. komen three-day walk for breast cancer cure. this will be the last such walk here in the bay area. kpix 5's sue kwon joins us live from the starting line in corte madera with that. >> reporter: bright and early people lacing up ready to go in their hot pink getting ready and registered for open ceremonies to begin around 7 a.m. this is going to be a three-day walk. 20 miles today goes through the presidio where they will camp out tonight. all in all going about 60 miles. as you mentioned this is the last event in the bay area. the charity has canceled half of all its three-day walks including boston, chicago, tampa bay, washington, d.c. and her in the bay area and the reason why? they cite low participation, economic uncertainty, and a low donation rate. but, you know, this also
MSNBC
Jun 15, 2013 1:00pm PDT
to continue the discussion on the economy but the conversation was disrupted by a dramatic turn of events in syria. the obama administration announced on thursday that they'll begin to arm the syrian rebelsful the about face came after confirmation that the embattled president bashar al assad has used chemical weapons against his own people. we learned more about the carnage as the u.n. announced more than 90,000 men, women and children have died in the 2-year-old conflict. a staggering loss of life but one that so far has not swayed the american people that this is a war worth fighting. a recent nbc "wall street journal" poll showed the american public is still extremely hesitant to intervene in the conflict. with nearly one in four americans saying, we should satisfy no action at all. asked to pick a response to stop the killing of civilians in syria, just 15% say they favor u.s. military action and only 11% want to provide arms to the opposition. by comparison, the pluralality of responses preferred to provide only humanitarian assistance and 24% believe the u.s. shouldn't take any act
MSNBC
Jun 19, 2013 12:00pm PDT
of this is because the economy and europe and america is still staggering in a lot of ways and when leaders like this are dealing with staggering economy at home, it's really hard to bring these issues to an international setting. >> let's look at it one other international setting with is immigration reform at home. speaker boehner will set a clear line saying he'll do the majority. the majority rule which for a lot of us means the house republicans are going to have the final word on immigration reform. do you think from your political analysis down there in d.c. that this is real and that this is a true line that's being drawn or is this a desire by him to exert leverage now while the senate is moving so he could get something he could move through the caucus. >> think he's drawing the line in the sand right now saying if the senate doesn't put in very big effort on border security, huge issue for house republicans and many senate republicans, conservative senate republicans, this won't stand a chance in my caucus. boehner has to do this because he's violated the guideline that says you can't
KRON
Jun 20, 2013 7:00am PDT
-thirds of americans rate the current economy as before. the poll also indicates a positive trend: the number of those who rate the economy as good as ground steadily since the end of last year-up nearly 10% from last december. overall, optimism that the economy will improve is split almost down the metal. 50 percent predict they will be better off a year from now, 49 percent say things will get worse. >> if you think about starting a business, calif. just might be the state for you. according to the kaufman index of entrepreneurial activity and a list of 10 states saw more start of activity than anywhere else nationwide. here is a look of the top 5- montana, vermont, new mexico, alaska, and mississippi. coming in at no. 6 is california. in 2012, the state had a starting rate of 410 per 100,000 adults. the coffin index says that california has major advantages including a strong talent base, an estimatestablished network of venture-capital, a big consumer market, and top not to private and state research schools. a government analyst says the merger of american airlines and u.s. airways would reduce c
CNN
Jun 21, 2013 9:00am PDT
to pull back from that stimulus in the economy, that means that things are looking better. i'm not saying that that's what the situation is but the truth is that means the economy really is in a steady recovery. that's a good thing. that means people are finding jobs. that means they feel more comfortable about buying large ticket items whether it be car or a new refrigerator. those are really very good things. it also means this market is going to start trading on fundamentals again. that's really very comforting for traders. admittedly they were addicted to the punch bowl that's been there but there are plenty people out there that say it's a good thing to go back to the fundamentals. >> all right. it's good news. thank you. appreciate it. >> that will fix it. >>> we have to turn to canada. major emergency unfolding in the province of alberta. there's been flooding there. 75,000 people driven from their homes in the major city of calgary. >> that city has not seen anything like this before. the situation so serious that the canadian military has been called out to help the rescuers. >>
CBS
Jun 21, 2013 4:30am PDT
. the faucet will turn off slowly and it's time to see if our economy can stand on its own. >> reporter: that would mean mortgage rates will continue to rise. after hovering at historic lows they are at the highest level in a year. and that could slow the recovery in the housing market. >> once the rates move higher and we are starting to see it, there might be a little bit of a panic that's there that you're missing out on opportunities. >> reporter: the reason behind the stoppage of the bond buying program can be found in improving economic data. ben bernanke says he expects unemployment to fall and the economy to grow through the next year. so while the markets might experience short-term volatility, experts say it's a by-product of a brighter economic future. >> we love this. this is what we live for when you have this kind of volatility. this is a dream for us. that's why you're in the business. >> reporter: this is when you make your money? >> exactly. >> reporter: the dow is still up about 12% since the beginning of the year, so many investors are looking at the developoff as an
MSNBC
Jun 22, 2013 5:00am PDT
that pitted him against his unlikely challenger in 2014. tough economy, we're talking about jobs in the state here. you're talking about somebody who molloy has made clear he might have his eye on the national stage a little bit. he has to get by in 2014. how does this issue affect him with perry coming in and maybe losing gun jobs a little bit. >> it's a choice he's going to have to make. between jobs and votes, really. when it comes down to it. i think he wins on the vote side. the national attention on this issue and at least in the northeast, perry will be vilified. i would love to see him meet up with chris christie. >> nobody is going to say that this year. >> it's a delicate balance that he's going to have to walk. i'm sure the nra is going to be going after him should some of these manufacturers leave. so, it's clearly an important calculation for perry to strengthen his national credential. ultimately i think molloy will be fine because he'll be fine on this issue and he'll bet support from around the country. >> i wonder how the et voers in connecticut would feel about it because th
CBS
Jun 17, 2013 6:00am EDT
will depend on how the economy is doing. he will speak at a press conference wednesday. most are hoping he will provide clues on when the central bank will start to cut back bond buying. the fed buys $85 billion in bonds every month as part of a campaign to keep interest rates extremely low. >>> now checking how wall street is doing the dow plummeted about 106 points friday. it starts this morning above 15,000 and the nasdaq dropped by almost 22 points. >>> >>> protests continue in turkey into the early morning hours. >>> and colorado residents begin returning home to survey damage rest by the black >>> good morning, i'm in for howard today about we are going to look at a warm and muggy one to start off the work week. 81 degrees at 11:00 a.m. the chance for showers and thunderstorms is really most prevalent around noon. 1:00 p.m. it will be 83 degrees. changes as we head toward the end of the work week. right now another look at traffic. >> on the northbound side of i- 95 a live look from our sky 9, which is absolutely jammed from here at the fairfax county parkway, right up the line to sp
MSNBC
Jun 14, 2013 5:00pm PDT
, that's wage theft. misclassification is the other piece of this puzzle. so workers in the economy broadly speaking have been suffering and it's actually hurting our recovery overall. >> it's particularly acute right now in this moment because there is such a slack labor market. unemployment is so high, and people are desperate for work and they're desperate for a foot in the door. i want to hear about how your fellow interns and co-workers reacted when they heard you were doing this. i'm really curious to hear that story right after we take this break. i'm the next american success story. working for a company where over seventy-five percent of store management started as hourly associates. there's opportunity here. i can use walmart's education benefits to get a degree, maybe work in it, or be an engineer, helping walmart conserve energy. even today, when our store does well, i earn quarterly bonuses. when people look at me, i hope they see someone working their way up. vo: opportunity, that's the real walmart. i'm going to dream about that steak. i'm going to dream about that ti
FOX News
Jun 17, 2013 10:00am PDT
? >> a resounding no. the economy is going to continue to lift off. i think by november of 2014 the democrats are going to to be in a very strong position. the only way we move social in this country is by taking principle stands and sometimes have you to take a short-term political hit to move the country forward. >> speaking of honesty and trustworthiness, we just got fox news polls in moments ago which we'll bring you shortly. wow. this is not good news for the white house. gentlemen, thank you both so much. >>> we recently brought you the powerful story of the phoenix police officers who went beyond the call of duty for a 5-year-old girl. look at this picture. who lost her police officer dad to a hit-and-run driver. up next, a new twist as we learn the illegal immigrant accused of killing her father could now get special protection. we'll tell you why that is. >>> wait until you see what happened with the teenage fisherman who came face to face with a rare breed of shark and decided to go for a joy ride. all that as we have a former vice president and a brand new poll i just mentioned fro
FOX
Jun 17, 2013 7:00am PDT
trade and economy. but because some of these countries disagree how to handle the blood shed in syria, that situation is expected to be a top priority. sadly puten is very outspoken -- vladimir puten is very outspoken about president obama's plan. the two are expected to talk privately. a new cnn poll shows that president obama's approval rating has taken a dive. last month, 58% supported president obama. now just 45% of the job he's doing. that's an 18-month low. we'll take a closer look at president obama's schedule for the remainder of the g8 summit when i see you next. kyla campbell, ktvu channel 2 news. >>> david cameron is among those attending the summit. this morning he refused to comment hon a hacking scandal -- on a hackle scandal involving the government. the newspaper there reported that britain's spy agency hacked into e-mails. >>> this morning, the white house is also defending the nsa's secret surveillance program of phone and internet records. white house chief of staff denis mcdonough says the program is constitutional and carefully monitored. he also says the u.s. go
ABC
Jun 17, 2013 4:30am EDT
are included in the farm economy. they passed a version that will spend $955 billion. the house is considering its own version. all right, if you're looking for work or just a career change, the trucking industry is hiring big-time and hopefully it's making changes on its controversial english-only policy in stores. i'll explain that in the next hourly, i'm linda bell reporting to be abc news. >> thank you, linda. 4:36, 17 degrees. >> "good morning, washington," commenting on the whistle blower scandal. harsh words >> welcome back everyone to "good morning, washington" this monday morning, 4:31. >> time for a check on the weather with jacqui jeras, jacqui. >> hi, guys. a couple sprinkles out there this morning, no big deal. all this south of the metro area. you might see it in southern faulkier county, stafford and charles county and this is all light, you probably don't need your windshield wipers for this kind of activity but it's something out there, want you to know about it and not caught off guard. it's warm, muggy start to our workweek. 66 in d.c., 70 in dulles, 70 in winchester. our ex
CNN
Jun 17, 2013 3:00am PDT
talking about policy. we're not saying we don't like the economy. we're not saying it's this one program. we don't trust you. >> reporter: and that becomes a huge problem for a progressive presi"ent who needs to tell people, let me use the government to make you) life better. if you don't trust him, his disapproval rating is up and you think government is too big -- 6 in 10 americans now think government is too big, that he can't manage it effectively. this is like a political version of an underwater mortgage, if you will. his disapproval is above 50. people don't trust the government. you look at this coming out, is he trustworthy? 49% say yes. that's up 58% since just last month. so he's taking a hit. something has americans stoppint and saying, hey, wait a minute. when you're early second term with the midterms just around the corner, don't invest in one poll, but if you're president and you know the clock is ticking, that's trouble. >> it's one thing about the nsa or about a policy, but if it's whether or not he's believable, it makes it difficult to come back, even it's just one po
CNN
Jun 17, 2013 10:00am PDT
: ironically an improving economy is to blame. >> unemployment is down. the stock market is doing really well. median home prices are up. people are feeling better. they're out there buying again. so the economy does well, you will see a rising rate environment. at 3.5% on a $250,000 home with 20% down, you pay about $898. the same 30-year fixed mortgage will coáu you 954 bucks at 4%. that's $56 more a month or $672 a year. down payment, credit score and d8income determine the rate youl pay. >> borrowers that are getting the best rate are putting 20% to 25% down. they have income that is documentable. so they're providing w-2s and federal tax returns. and they have an excellent r credit score. something over 700 or 720. >> reporter: a quick closing at a time also helps. >> you get your best rate from a lender if you lock in for 30 days. standard to lock in for 60 days. the longer you go out, the more expensive it will be. >> reporter: ask your lender about a float down provision so your rate could be adjusted lower if rates do slip again. if you're still looking for the right house, make sur
CNN
Jun 19, 2013 3:00am PDT
news that we need to know. big day for the economy. >> it is "b" day, ben bernanke, deciding how long to keep up propping up the economy, is the economy strong enough to stand on its own? wall street nervous, the dow posted triple-digit moves, you guys, past six sessions, dow futures up 29 points right now. brand new cnn/orc poll most americans say the economy is in poor shape and when it comes to people's finance more pessimism. 44% say they're financially worse off than a year ago, only 36% say they're better off. no improvement from last year, no improvement. the stock market is up 13% and there's no improvement from last year. >> she's getting emotional about it. she's got a frog in her throat. >> cnn money released a list of best places to launch a business, montana, vermont, new mexico, and if you want to launch a business there you go. >> i'm thinking north dakota, i did a piece in north dakota about the fracking industry and how it's booming. lowest unemployment. >> the lowest unemployment in the country is in north dakota. i hear it's lovely this time of year. >> not a lot of
CNN
Jun 20, 2013 2:00am PDT
to moderate the month li purchases later this year. >> it's contingent on the economy improving. unemployment is getting as low as 6.5% next year. that would be nice. currently, it's 7.6%. >>> home prices are rising. enjoy it while it lasts. they rose in may compared to may of 2012. most cities are seeing big, double digit gains. prices in las vegas up 28%. similar moves, san francisco, san jose, phoenix, they were hit hardest by the housing bust. it's bound to slow down as mortgage rates rise. >>> two of the most famous clothing designers. an italian court says they cheated on taxes. they will not serve time in prison, but do community service oar house arrest. they plan to appeal the verdict. >> revolutionize prison jump suits. >> imagine that. >> we spend a lot of time together now. i spend more time with you than my wife. i have not seen her worked up about anything like that. >> the fed is going to withdraw the stimulus. remember all the terrible words, the fed giving a road map for pulling back the stimulus from the economy. it will be next year. that means you won't have $85 billion a
KICU
Jun 19, 2013 11:30pm PDT
the overall economy. chairman ben bernanke said it will slow its bond buying stimulus program this year, and end it next year. he said this is possible, because the economy is improving. the fed's program has kept interest rates at record lows. that news from the fed sent the stock markets down across the board. one analyst said any suggestion that the fed will cut its buying is going to be met with a sell-off, which is just a sign of how much investors depend on that program. >>> are you better off now financially? many americans say no. a cnn poll has found 44% of americans say their financial situation is actually worse today compared to a year ago. 36% say they are better off, and 20% say their personal situation is just about the same. only half say they expect economic conditions to be better one year from now. >>> bay area doctors may soon change the way they treat obesity, because of one word, ktvu's heather holmes is live now in oakland with reaction to obesity, now labeled as a disease. >> reporter: the head of the bariatric program here hopes this sends a message, not only to
KICU
Jun 21, 2013 11:30pm PDT
. that industry is thriving with a rebounding economy. people have more money to travel and to eat out. >> the sun is starting to come out on the california economy. ronald reagan another area of job growth lies in big city construction. if that job growth stays stable in the construction industry, in alameda, jade hernandez, ktvu news. >> >> more details on the unemployment rate in the area -- . >>> berkeley's world famous restaurant preparing to open its doors to the public for the first time since a fire badly damaged that restaurant in march. tonight, it opened for a fund- raiser to benefit the berkeley based edible school program. it's a program that shows local kids how to grow, harvest and prepare seasonal produce. >> this is more than a rebirth. it's kind of a reinvasion that i think will keep us going for many more years. >> the fire was caused by an electrical program underneath a porch. it did more than $200 thousand worth of damage. it has been repaired and it is going to reopen on monday. >> >> facebook said the cause of a bug was purely technical. the problem is with the tool called
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